The global Egg replacers market is anticipated to grow at a considerable CAGR of 6.5% during the forecast (2022-2028). The market is strongly driven by the increasing vegan, vegetarian, and flexitarian population. Consumers following vegan or dairy-free diet prefer products that comprise Plant-based proteins due to various health & ethical matters. Egg replacements ingredients are available in the market like plant based food which offers similar benefits to eggs. Due to this vegan trend, growing number of people are shifting to plant-based and more sustainable foods. The increasing consumer preference for vegan processed food products has increased the demand in plant-based dairy and egg market. Major companies producing egg replacers are focused on new product development to satisfy the growing consumer’s demand.
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For instance, in July 2021, Nabati Foods expanded its line-up with vegan eggs called Nabati Plant Eggz. It is a liquid vegan egg replacement which is free from soy, gluten and uses lupin beans and pea protein as its base. Also, the continual development of innovative and exclusive products is anticipated to further boost the growth of the egg replacers market. For instance, Crafty Counter has developed which the company claims is the first ready-to-eat plant-based boiled eggs. The plant-based egg part which is made with nuts and agar the vegan ‘yolk’ is made with nuts, turmeric and black salt. The vegan eggs are cholesterol-free, contain less protein than chicken eggs, have saturated fat levels.
Market Coverage
- The market number available for – 2021-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered-
o By Source
o By Application
o By Ingredient
- Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
- Competitive Landscape- including Archer Daniels Midland Company, Cargill Inc., Danone S.A., DuPont de Nemours, Inc., Fiberstar, Inc., and others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Egg Replacers Market Report Segment
By Source
- Plant
- Animal
By Application
- Bakery and Confectionery
- Dressings and Spreads
- Savories and Sauces
- Others
By Ingredient
- Dairy Proteins
- Starch
- Algal Flour
- Soy-based Products
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Egg Replacers Market– Segment by Region
North America
- United States
- Canada
Europe
- Germany
- United Kingdom
- France
- Spain
- Italy
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Rest of Asia-Pacific
Rest of the World
- Middle East & Africa
- Latin America
Company Profiles
- including Archer Daniels Midland Company
- Cargill Inc.
- Danone S.A.
- DuPont de Nemours, Inc.
- Fiberstar, Inc.
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